Mining Altcoins ? | Bitcointalksearch.org

EducoinVietnam

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Quote from: Nicolaus Copernicus on May 20, 2018, 11:22:47 AM

Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?

I thing that alternative ways of mining will become much more popular in future. For example, some shops allow to get cashback in crypto, which is great and easy way to enter crypto market for newbies.

rafa_uefa3

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Quote from: EvgenOrel on October 23, 2018, 08:07:28 AM

I've never done mining, but my friends told me that some altcoins are more profitable to mine than Monero or ETH. But when mined Ethereum for example, you feel safe since the rate of this coin behaves very stable. Altcoins are falling sharply in price.

Verity is - that you need not only mine, but have patience (plus reserve to support you mining efforts) and some experience in trading, for good moment to sell, to make REAL money from mining

EvgenOrel

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I've never done mining, but my friends told me that some altcoins are more profitable to mine than Monero or ETH. But when mined Ethereum for example, you feel safe since the rate of this coin behaves very stable. Altcoins are falling sharply in price.

rafa_uefa3

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Quote from: Nicolaus Copernicus on May 20, 2018, 11:22:47 AM

Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?

it's good idea to mine some new perspective cryptocurrencies, but only if your electricity is very cheap (like in some sites in Ukraine) or costs nothing to you (btw, do you know about "magnet on the counter" method? :p)

Vispilio

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Right now the star of mining is indubitably RVN; Raven coin.

After the recent rally, the difficulty is sure to go up, but even these prices are extremely cheap if this phenomenal project can accomplish even part of its intentions.

Fedots83

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Quote from: Nicolaus Copernicus on May 20, 2018, 11:22:47 AM

Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?

It is much profitable to rent some space on major farm and get profits without need to worry about anything. Mining becoming simpler, competition is much harder.

TomInVa57

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We cannot be sure even about state of cruptocurrency market in the nearest future and you want everybody to make prediction about mining? No way.

Hudora

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Traditional mining does not seem as profitable as it was before. You shoudl look for alternative ways of earning tokens, for example, trading or other similar stuff.

robertsu

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It will be depends how made organization the process. Your choose in token. The main will be general state of the cryptocurrency market, because in falling you will not earn much.

Denreal

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Mining requires much of investment, time and less of effort. Although, if you are able to invest so much into mining, it would yield good result in lesser time, compared to investing little into it.
Sometimes, i advise those who are very busy with their works, to consider mining as an option to earn some coins.

ethereumhunter

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Quote from: Nicolaus Copernicus on May 20, 2018, 11:22:47 AM

Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?

Before you start, you need to know how much electricity fee in your city in a month so you can calculate how much money you should pay. Then you need to have a budget to buy the hardware for mining. You can buy the mining rigs which is available, and you can directly use it without a problem, and I am sure that it will cost much money. Then you need to determine the coin you want to mine because if you can get the right coin, then you can be able to earn nice rewards in a day. It will depend on the coin itself to get a big reward so you need to try one by one for the coin.

tinystone26

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It is good to mine but choose to mine bitcoin because as you can see it is more have the future to grow than altcoins. And I think you just wasting your time and capital in mining some altcoins, if you choose bitcoin you will notice that it is more profitable than mining altcoins.

newb-dev

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Hello there! I suggest you mine only if you have a good mining equipment. Make sure it is optimized to be the best when it comes to the consume of energy. With patience mining will be a good source of income.

bitcoinbuyer

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Altcoins are good for buyin and trading, rarely holding but mining is better if it is used with BTC because it is profitable and will cover all spent resources.

popox

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It is easier to buy them and to trade than do mining I think but mining is the lowest in risks and you could do nothing about analyzing, often checking and so on.

Mianae

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If you have good energy supply that's relatively cheap, mining is good provided you can afford your mining equipment.

R9s

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It depends on the altcoin you excavate, and more than 50% of the altcoin has no excavation value. If you plan to enter the mining industry, you can consider Bitcoin and Ethereum!

Shimmiry

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Quote from: Nicolaus Copernicus on May 20, 2018, 11:22:47 AM

Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?

If you compare it to bitcoin it is no match. The value has really big difference in which you can realy say that you are just wasting time and effort if you look at it. I highly suggest to still mine bitcoin because of the high profitable rate. We can say that this might have volatile market but other coins also is.

entar pasar

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Quote from: Nicolaus Copernicus on May 20, 2018, 11:22:47 AM

Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?

if I have enough money, I would prefer to buy some bitcoin than for mining altcoins, because for now I think mining altcoin is not very profitable, the price of mining tools and operational costs is getting higher but the price of altcoin is getting lower

Sean_oneill91

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Quote from: asder250 on October 03, 2018, 03:27:26 AM

Mining is no longer profitable, big companies are so strong and you cant competite with them. Also the price of altcoins is so cheap,so you will not be able to sell your altcoins for a better price like a year before.

“The nation’s cheapest power, produced at hydroelectric dams on the Columbia River, has ignited a boom in mining for bitcoin and other cryptocurrencies that is transforming the Mid-Columbia Basin, three hours east of Seattle. | Patrick Cavan Brown for Politico Magazine“

Whales are closing in hard on cheap/renewable energy sources all over the world right now.

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